Wooriro Co., Ltd announced a private placement of 11,775,365 common shares issued at KRW 1,104 per share for gross proceeds of KRW 13,000,002,960 on April 19, 2023. The transaction includes participation from returning investor Inpion Co., Ltd. for 4,166,667 shares, new investor Quantum Portfolio Fund for 5,434,783, individual investors, Secheol Park for 1,358,696 shares, Chang-bae Cho for 452,899 shares, Seong-geun Cho for 90,580 shares, Min-gyo Oh for 181,160 shares, Chanyong Park for 90,580 shares. The shares are issued through a third-party allotment method.

The transaction is expected to close by July 20, 2023. The transaction has been approved by the board of directors of the company. The shares issued are subjected to 12 months hold period, from the issuance closing date.